Dorman Products, Inc. $DORM Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lowered its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 70.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,395 shares of the auto parts company’s stock after selling 19,642 shares during the period. Ritholtz Wealth Management’s holdings in Dorman Products were worth $876,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in Dorman Products by 11.6% in the 4th quarter. GAMMA Investing LLC now owns 827 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 86 shares during the last quarter. Coldstream Capital Management Inc. grew its position in Dorman Products by 3.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,696 shares of the auto parts company’s stock worth $420,000 after purchasing an additional 97 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of Dorman Products by 2.6% in the second quarter. Corient Private Wealth LLC now owns 3,842 shares of the auto parts company’s stock valued at $471,000 after purchasing an additional 99 shares during the period. Mackenzie Financial Corp increased its stake in shares of Dorman Products by 6.4% in the third quarter. Mackenzie Financial Corp now owns 1,740 shares of the auto parts company’s stock valued at $271,000 after purchasing an additional 105 shares during the period. Finally, Huntington National Bank raised its holdings in shares of Dorman Products by 12.8% during the fourth quarter. Huntington National Bank now owns 981 shares of the auto parts company’s stock valued at $121,000 after buying an additional 111 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analysts Set New Price Targets

DORM has been the subject of several analyst reports. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $159.00 to $140.00 in a research report on Monday, March 2nd. Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorman Products in a research note on Thursday, June 18th. Barrington Research reiterated an “outperform” rating and set a $150.00 price target on shares of Dorman Products in a research report on Monday, May 4th. Finally, Stephens reissued an “overweight” rating and issued a $150.00 price target on shares of Dorman Products in a research note on Wednesday, March 18th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Dorman Products presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Dorman Products Stock Performance

DORM opened at $132.56 on Tuesday. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 21.38 and a beta of 0.99. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.29 and a quick ratio of 1.28. Dorman Products, Inc. has a 1-year low of $98.44 and a 1-year high of $166.89. The business has a 50 day moving average price of $121.26 and a two-hundred day moving average price of $119.68.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Monday, May 4th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.05. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The company had revenue of $528.77 million for the quarter, compared to analysts’ expectations of $524.80 million. During the same period last year, the firm earned $2.02 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Research analysts predict that Dorman Products, Inc. will post 8.22 EPS for the current fiscal year.

About Dorman Products

Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.

The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.